The first installment of a $12-million donation from the Qatari government landed in a Gaza account on Monday, after Qatar pledged to help cover the cost of fuel for the besieged coastal enclave, which has [ More … ]
Hours after an escalating crisis of the severe shortage of subsidized infant milk in Egypt, Egyptian Minister of Health Ahmed Emad said that the Egyptian Armed Forces pumped 30 million packages of infantry milk in [ More … ]
Egypt’s cabinet accepted the resignation of Minister of Supply and Internal Trade Khaled Hanafy amid the highest-profile corruption since Abdel Fattah al-Sisi came to power in 2014, said Reuters. Hanafi’s resignation is the most senior-level [ More … ]
The Dollar has witnessed an unprecedented increase in Egypt’s black market recently. According to local reports, the dollar selling price ranged between 12.50 and 12.60 Egyptian pounds while its purchase price was around 12.30 pounds. In [ More … ]
The Central Bank of Egypt’s Governor Tarek Amer considered the focus on defending the Egyptian pound over the past five years was a “grave mistake,” signaling the possibility of another devaluation after he weakened the [ More … ]
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